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Stellantis Closing Plant, Needs $ for EV Development

1080 Views 13 Replies 5 Participants Last post by  Steverino
Mary Barra started GM's belt tightening years ago to help fund it's massive EV push. She closed all overseas money losers (all where except China), and closed some excess capacity in the US as well.

It looks like Stellantis joins Ford in being slower to react and both are now trying to come up with development dollars. Ford recently shut down it's autonomous vehicle efforts to help free up the money for its EV efforst and Stellantis is now closing a Jeep Cherokee SUV plant in Illinois to raise EV money.

the most impactful challenge is the increasing cost related to the electrification of the automotive market."

Stellantis has said it will invest over 30 billion euros ($31.6 billion) through 2025 on electrifying its vehicle lineup. It also has said it expects EVs to make up 100% of its sales in Europe and 50% in the United States by 2030.
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Wow. Same folks who were telling us all along that traditional ICE vehicles will continue to be built alongside EVs,
Was it "they" or "them" or "I heard" who said this? Inquiring minds want to know.

By the way, Stellantis did not say traditional ICE vehicles will not continue to be built alongside EVs. In fact it said it's product mix will be about 50/50 in 2030.

Why does Illinois hate the middle class. As well, seemingly our current DC administration.
You forgot to add, "and hates America" to your red herrings.

Let me try out your approach:
Stellantis is a corporation and as we know, corporations are people too. Why do you hate people?
Stellantis is a capitalist organization, why do you hate capitalism?

No one wants to be the last cathode ray tube TV manufacturer. Cars and trucks are changing.

By the way, I saw that GM's new Ultium plant in Ohio (next store to the Lordstown plant it closed) just voted to join the UAW. GM's building 3 more of these megafactories.
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Stellantis has found itself trying to catch up to the competition on EV development. To do that they need to tighten their belt and look at where they have excess. That translates into plant closings, re-prioritizing product development, etc. Trying to blame their EV development catch up efforts on Illinois, unions, Democrats, etc. is just you throwing mud. You might as well blame Tesla and Musk.
Cloud Nine, in response to the Sellantis plant closing news you said:

"Same folks who were telling us all along that traditional ICE vehicles will continue to be built alongside EVs, now completely nonchalant about traditional vehicle plant shutdowns."
Nothing to back up that statement but you later seem imply that I am to blame for Stellantis making a business decision? or something?

Then you go on,

"Well, the state of Illinois would have killed Belvedere sooner or later through regulations and taxes."
In actual fact it is Stellantis who is closing the plant. You seem desperate to blame Illinois instead.

And you finish with,

"Why does Illinois hate the middle class. As well, seemingly our current DC administration."
Again, more broad brush blaming of Illinois (and now DC) for something Stellantis did. No matter what Stellantis did, blame Illinois, blame DC, blame me, lol.

Here's what I think, Stellantis was caught flat footed and asleep while their leaky ship headed into stormy waters. Now they are trying to bail to keep the ship afloat. Contrast that with Marry Barra and crew who started work years ago to get GM shipshape financially and product-wise (EV's). I don't know if she will succeed, but she's been planning and executing and I think GM is now in a good position to stay in business as an EV manufacturer and even be one of the leaders.

For the Stellantis people losing their jobs? I've been laid off in the past and it's awful. If possible they may want to check out a new carreer in say, plumbing or other trades. Good, well paying jobs and there's almost a perpetual shortage. Plus it's hard to outsource a plumbing job...
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"Same folks who were telling us all along that traditional ICE vehicles will continue to be built alongside EVs, now completely nonchalant about traditional vehicle plant shutdowns.
"I found the previous statement. It's on this page. And no, I never implied you are to blame."
GM CEO Mary Barra chip shortage, electric trucks, and the outlook for EV investment and adoption. | Page 2 | GM Volt Forum (gm-volt.com)

  • Your link is to my observation "Keep in mind we'll still have ICE's on the road for the next 20 years even as a shift to EV's occurs." I suspect you read into that more than I said.
  • My observation was not about what types of cars will be built by Stellantis (or GM) in 20 years. Instead, it's about whether there will be ICE's on the road.
  • But let's go broader. Just because GM switches to all EV's by 2035 does not mean all ICE cars will be taken off the road. Cars last 10-15-20 years, right? A new GM ICE sold in 2034 or 2035 will still be in operation 7 years later in 2042. So, again, in 20 years (2042) there will still be ICE's on the road.
  • As far as who will be building ICE's in 10 or 20 years I don't know. But Toyota is still talking about keeping ICE vehicles in their line-up, and Ford has split the company into two: an ICE division and an EV division.
  • In that thread's video, Mary Barra very clearly said (and I repeated) GM's target is 50% of their sales being EV by 2030 and 100% by 2035. She did not say, "We will make ICE's forever, nor did she comment on Stellantis.
  • Whether "the same folks" you reference is Mary Barra or me, neither of us were saying anything about Stellantis or it's ICE plans, or its Illinois plant closing.
What we know is traditional ICE's will continue to be built alongside EV's during GM's transition over the next 13 years. Other manufactures like Stellantis? Check their announcements.
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